SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EARNINGS ARTICLE H impact

FTSE Wavers on Tuesday

The FTSE 100 fluctuated between small gains and losses on Tuesday after rising 0.8% on Monday, as investors weighed higher oil prices and ongoing Middle East uncertainty. Kingfisher led individual gainers, climbing more than 7% after raising its profit guidance on strong momentum at Screwfix and in Poland and Iberia. Smiths Group advanced around 4.5% after reporting higher revenue and highlighting expected H2 growth at John Crane and continued benefits from the data-centre boom at Flex-Tek. Healthcare, consumer and energy stocks also gained, while defence and financial shares declined. Brent crude rose, potentially ending a 4-session losing streak, as markets monitored supply flows and diplomatic efforts. President Trump is due to address the UN General Assembly and may meet Iran’s president. UK government borrowing reached £18.3 billion in August, above expectations of £15.5 billion, while borrowing for April-August totalled £77.3 billion, exceeding the OBR’s £69.2 billion forecast.

Story updates

08:03:08 AM UTC
SquawkNews
(Adds new blog entry) STOXX 600 down 0.1% Financials lag, retail leads Oil prices rise Wall Street futures little changed Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Subdued Open Major European stock indexes are a touch lower on Tuesday following a decent jump the day before, as investors awaited updates from the UN General Assembly, where Trump was due to meet with leaders from Europe and the Gulf states. The ongoing wars in the Middle East and Ukraine will likely be high on the agenda. Before the meetings, the pan-continental STOXX 600 was down just over 0.1%, after rising over 1% the day before, its biggest daily jump since July 2. Britain's FTSE 100 and France's CAC 40 were around 0.1% lower, while Germany's DAX was down 0.3%. The retail sector was the best-performer, helped by a rise in Kingfisher shares. The home improvement retailer raised its annual profit outlook after a strong first half of the year. Financials are weak, with insurers, banks and financial services the biggest sector laggards. Here's your opening snapshot: (Samuel Indyk) *** Earlier On Live Markets: Europe Before The Bell: Futures Steady After Nasdaq's 3% Jump Click Here Ai Trade Gets Its Muse Click Here

8% on Monday, as investors weighed higher oil prices and ongoing Middle East uncertainty. Kingfisher led individual gainers, climbing more than 7% after raising its profit guidance on strong momentum at Screwfix and in Poland and Iberia. 5% after reporting higher revenue and highlighting expected H2 growth at John Crane and continued benefits from the data-centre boom at Flex-Tek. Healthcare, consumer and energy stocks also gained, while defence and financial shares declined.

Brent crude rose, potentially ending a 4-session losing streak, as markets monitored supply flows and diplomatic efforts. President Trump is due to address the UN General Assembly and may meet Iran’s president. 2 billion forecast.